http://twitchy.com/sarahd-313035/2021/06/29/congratulations-mr-president-turns-out-we-owe-joe-biden-a-big-apology-over-the-economy-because-hes-creating-jobs-after-all/
The economy may be tanking, but there are still bright spots!
As firearms expert and The Reload founder Stephen Gutowski explains, the gun industry is booming:
Stephen Gutowski ~ Smith & Wesson's sales are up 100% over the past year. They've expanded production by 60% and hired 300 new employees.
http://thereload.com/we-just-saw-the-first-billion-dollar-year-for-a-gun-maker/
Hmmm ... now that Geriatric Joe has informed us all as to what we need to defend ourselves against the federal government, the civilian market for F-15s and nuclear weapons will be booming soon, too!
Americans really, really want guns. And ammo:
Mathias McCauley ~ Related question: Why is it that ammunition production seemingly doesn't meet market demand as effectively as firearm production?
Stephen Gutowski ~ That's a really good question. I don't have a great answer. Gun makers have struggled to meet demand too. Smith & Wesson said they only have a week's worth of distribution inventory right now. But they do seem to be doing a little bit better than ammo makers.
Mathias McCauley ~ Yes, the availability (and, thus, pricing) of ammo right now is difficult to understand. Just use a standard reply for all durable goods, I suppose...high market demand, materials supply disruption(s), and labor shortage.
Stephen Gutowski ~ Yea, those are accurate.
http://thereload.com/manufacturers-say-ammo-shortage-will-stretch-out-for-years/
Gun and ammo manufacturers are definitely staying busy.
Stephen Gutowski ~ The gun company paid off all it's debt and was able to pay out a dividend for the first time.
Stephen Gutowski ~ It's not just Smith & Wesson either. “I think every manufacturer right now is benefiting from this outsized level of demand that we’re witnessing,” Mark Oliva, a National Shooting Sports Foundation spokesman, told @TheReloadSite.
Stephen Gutowski ~ Ruger saw a 50% sales increase year over year in its last quarter. Top ammo manufacturers Olin and Vista have seen about a 4-fold increase in their stock value the past year. And there's no sign things are slowing down yet.
The essential American soul is hard, isolate, stoic, and a killer. It has never yet melted. ~ D.H. Lawrence
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